Letter From Loews's CEO and Co-Chairmen of the Board

Loews Corporation is a diversified company whose strategic imperative is, and always has been, to create value for our shareholders over the long term. While our shareholders are crucially important, we also have long-term responsibilities to all Loews’s stakeholders. The well-being of our employees, of the communities where we live and work, and of our society at large is inextricably linked to our ability to achieve our value-creation goals.

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Sustainability Reporting

Loews, the holding company, has a small employee base of about 120 people in the New York area. However, our consolidated subsidiaries – CNA Financial, Boardwalk Pipelines and Loews Hotels & Co– have a combined workforce of about 12,280 employees, primarily across the United States, and separately, unconsolidated entities employ approximately 5,800 employees at properties managed by Loews Hotels & Co and approximately 4,075 employees at Altium Packaging.

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Important Statements